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US job growth slows sharply in September amid calendar quirk and war concerns

By PulseAugur Editorial · [1 sources] ·

US job growth significantly decelerated in September, with only 29,000 new jobs added, a notable drop from the revised 133,000 in August. This slowdown is largely attributed to a calendar anomaly related to the late observance of Labour Day, rather than a fundamental weakening of the labor market. Despite the low payroll figures, initial unemployment claims remain at historic lows, indicating continued labor market resilience. However, economists anticipate that the ongoing US-Israel war with Iran could disrupt the labor market by year-end due to factors like high energy prices and supply chain issues. AI

RANK_REASON Article discusses economic data and expert commentary on potential future impacts, not a primary event.

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

US job growth slows sharply in September amid calendar quirk and war concerns

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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Reuters ·

    US job growth slows sharply in September, unemployment rises

    US job growth slowed more than expected in September, but that likely does not signal a material shift in the labour market, with the weakness likely related to a calendar quirk. Nonfarm payrolls increased by 29,000 jobs last month after ‌a downwardly revised 133,000 rise in Augu…

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